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Gala Price Prediction for Today, January 6: GALA/USD May Head For $0.020 Level

Gala Price Prediction for Today
Gala Price Prediction for Today

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The Gala price prediction shows that GALA is likely to break towards the upper boundary of the channel as the eyes focus on the $0.020 level.

Gala Prediction Statistics Data:

  • Gala price now – $0.019
  • Gala market cap – $141.6 million
  • Gala circulating supply – 6.9 billion
  • Gala total supply – 35.2 billion
  • Gala Coinmarketcap ranking – #137

GALA/USD Market

Key Levels:

Resistance levels: $0.030, $0.032, $0.034

Support levels: $0.010, $0.008, $0.006

Gala Price Prediction for Today
GALAUSD – Daily Chart

GALA/USD is refreshing to a new high after opening with the market level of $0.018 to keep the coin above the 9-day and 21-day moving averages as the coin currently trades at $0.019 with a bullish crossover and trend intraday. At the moment, the crypto heads toward the upper boundary of the channel but higher support is expected at the $0.015 level.

Gala Price Prediction: Gala Price May Explode

The Gala price is moving bullishly as the coin trades at the resistance level of $0.019 to face the upper boundary of the channel as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, it’s likely for the coin to experience some bullish signals, which can finally encourage more buyers to enter the market.

However, if the 9-day moving average crosses above the 21-day moving average, the coin could head to the upside, so that it can hit the resistance levels at $0.030, $0.032, and $0.034 respectively. Moreover, if the technical indicator decides to make a quick turn and face the downside, there may be a quick bearish drop which may likely hit the support levels of $0.010, $0.008, and $0.006.

Against Bitcoin, Gala is trading well above the 9-day and 21-day moving averages as the price touches the resistance level of 118 SAT. However, the fact that the market remains in the descending channel, seems to be moving towards the upper boundary of the channel.

GALABTC – Daily Chart

Moreover, if the buyers push the market price above the channel, GALA/BTC may touch the resistance level of 155 SAT and above. On the contrary, higher selling pressure may cancel the bullish pattern, and this could attract new sellers coming into the market with the next support level at 80 SAT and below, but the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

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Related

View the latest GALA price on CoinCodex.

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